# SKF and Wolong sign MoU on magnetic bearings and levitation motors

SKF and Wolong Group signed a memorandum of understanding to explore a strategic cooperation on magnetic levitation technology in electric drive products. The companies announced the MoU on May 17, 2023.

- Type: Partnership
- Announced: 2023-05-17
- Status: announced
- Products: magnetic bearings, high-speed levitation motors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [SKF](https://endata.com/companies/4959.md) (partner)
- [Wolong Electric Group](https://endata.com/companies/10591.md) (partner)

## Sources

- [e-powertechnology.com](https://e-powertechnology.com/2023/05/22/skf-and-wolong-expand-magnetic-bearing-levitation-motors-businesses/), 2023-05-22: "Five days earlier, on May 17, SKF and Wolong Group, the Chinese global manufacturer of motor and drive systems, jointly announced they have signed a memorandum of understanding."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.